DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Friday reported fiscal first-quarter earnings of $416 million.
On a per-share basis, the Dublin, Ohio-based company said it had profit of $1.70. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The prescription drug distributor posted revenue of $52.28 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $51.26 billion.
Cardinal expects full-year earnings in the range of $7.75 to $7.90 per share.
Cardinal shares have risen nearly 8% since the beginning of the year, while the S&P’s 500 index has risen 20%. The stock has climbed 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAH at https://www.zacks.com/ap/CAH
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